Barnes Wealth Management Group Inc trimmed its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 12.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,386 shares of the exchange traded fund's stock after selling 794 shares during the period. Invesco QQQ comprises about 1.6% of Barnes Wealth Management Group Inc's portfolio, making the stock its 14th largest holding. Barnes Wealth Management Group Inc's holdings in Invesco QQQ were worth $2,526,000 at the end of the most recent reporting period.
A number of other hedge funds have also made changes to their positions in QQQ. Goldman Sachs Group Inc. lifted its position in Invesco QQQ by 959.6% during the first quarter. Goldman Sachs Group Inc. now owns 24,097,975 shares of the exchange traded fund's stock worth $11,300,023,000 after buying an additional 21,823,765 shares in the last quarter. Mullooly Asset Management Inc. acquired a new stake in shares of Invesco QQQ in the 1st quarter worth $2,775,904,000. NWI Management LP raised its holdings in shares of Invesco QQQ by 121.6% during the 4th quarter. NWI Management LP now owns 648,000 shares of the exchange traded fund's stock worth $331,277,000 after acquiring an additional 3,648,000 shares during the period. GAMMA Investing LLC boosted its position in shares of Invesco QQQ by 55,795.2% during the 1st quarter. GAMMA Investing LLC now owns 1,871,929 shares of the exchange traded fund's stock valued at $8,777,850,000 after acquiring an additional 1,868,580 shares during the last quarter. Finally, Spear Holdings RSC Ltd acquired a new stake in Invesco QQQ during the first quarter worth about $474,600,000. Institutional investors and hedge funds own 44.58% of the company's stock.
Invesco QQQ Stock Performance
Shares of Invesco QQQ stock traded up $8.69 during mid-day trading on Friday, hitting $571.97. The stock had a trading volume of 51,413,030 shares, compared to its average volume of 46,061,000. The firm has a 50-day moving average of $557.92 and a two-hundred day moving average of $515.74. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $583.32.
Invesco QQQ Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd were given a $0.5911 dividend. The ex-dividend date was Monday, June 23rd. This represents a $2.36 dividend on an annualized basis and a yield of 0.4%.
About Invesco QQQ
(
Free Report)
PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities called Nasdaq-100 Index Tracking Stock. The Trust's investment objective is to provide investment results that generally correspond to the price and yield performance of the Nasdaq-100 Index. The Trust provides investors with the opportunity to purchase units of beneficial interest in the Trust representing proportionate undivided interests in the portfolio of securities held by the Trust, which consists of substantially all of the securities, in substantially the same weighting, as the component securities of the Nasdaq-100 Index.
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